AFI Properties Ltd. (TLV:AFPR)

AFI Properties Income Statement

Financials in millions ILS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	1,025	988.53	798.27	617.06	555.5	405.91
Property Management Fees	350.22	329.7	270.29	268.49	189.34	127.09
Other Revenue	149.86	180.18	303.77	275.74	402.83	414.57
Total Revenue	1,525	1,498	1,372	1,161	1,148	947.56
Revenue Growth (YoY	8.09%	9.19%	18.17%	1.19%	21.12%	7.76%
Property Expenses	513.67	520.23	612.59	592.86	567.5	477.95
Selling, General & Administrative	139.68	140.11	110.41	136.01	83.7	86.09
Other Operating Expenses	0.49	-0.79	-1.9	6.33	-2.61	-3.51
Total Operating Expenses	653.83	659.55	721.1	735.2	648.59	560.53
Operating Income	870.86	838.86	651.23	426.09	499.08	387.04
Interest Expense	-646.14	-560.57	-422.1	-340.25	-251.66	-148.94
Interest & Investment Income	74.14	74.14	50.93	35.86	26.86	11.69
Income (Loss) on Equity Investments	129.53	132.66	33.16	50.4	89.57	12.76
Currency Exchange Gain (Loss)	-67.29	-67.29	93.29	80.07	-114.68	4.28
Other Non-Operating Income	17.94	-33.86	-201.03	-85.17	149.49	-20.81
EBT Excluding Unusual Items	379.05	383.95	205.48	167	398.67	246.01
Gain (Loss) on Sale of Investments	41.92	41.92	-	86	-	-
Asset Writedown	418.97	420.24	58.08	472.71	542.59	-194.47
Total Legal Settlements	-	-	-	-	-	-1.13
Other Unusual Items	10.5	10.5	3	14.63	-9.3	-
Pretax Income	850.44	856.6	266.56	740.33	931.96	50.41
Income Tax Expense	184.89	186.71	53.27	152.65	143.31	32.24
Earnings From Continuing Operations	665.55	669.89	213.29	587.69	788.65	18.17
Net Income to Company	665.55	669.89	213.29	587.69	788.65	18.17
Minority Interest in Earnings	-6.5	-6.59	-1.89	-2.2	-1.32	0.92
Net Income	659.05	663.3	211.4	585.49	787.34	19.09
Net Income to Common	659.05	663.3	211.4	585.49	787.34	19.09
Net Income Growth	87.31%	213.76%	-63.89%	-25.64%	4024.12%	-95.07%
Basic Shares Outstanding	38	38	38	38	36	34
Diluted Shares Outstanding	38	38	38	38	36	34
Shares Change (YoY)	0.21%	0.03%	0.43%	4.51%	5.58%	19.11%
EPS (Basic)	17.33	17.43	5.56	15.52	21.83	0.56
EPS (Diluted)	17.29	17.43	5.56	15.46	21.73	0.56
EPS Growth	86.86%	213.56%	-64.05%	-28.85%	3803.57%	-95.86%
Dividend Per Share	-	-	-	-	1.380	-
Operating Margin	57.12%	55.98%	47.46%	36.69%	43.49%	40.85%
Profit Margin	43.23%	44.27%	15.40%	50.42%	68.60%	2.02%
EBITDA	876.5	844.79	655.81	430.23	503.29	392.83
EBITDA Margin	57.49%	56.38%	47.79%	37.05%	43.85%	41.46%
D&A For Ebitda	5.64	5.93	4.58	4.14	4.21	5.8
EBIT	870.86	838.86	651.23	426.09	499.08	387.04
EBIT Margin	57.12%	55.98%	47.46%	36.69%	43.49%	40.85%
Effective Tax Rate	21.74%	21.80%	19.98%	20.62%	15.38%	63.96%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.